10.2 C
Johannesburg
Friday, June 14, 2024
More

    Latest Posts

    Haibo: SIU auctions actress Terry Pheto’s property in leafy Bryanston

    The Special Investigating United (SIU) has announced it will auction one of actress Terry Pheto’s properties on Thursday.

    Located in Bryanston in Johannesburg and belonging to Pheto, the house was allegedly built with funds siphoned from the National Lotteries Commission (NLC), and will be put under the hammer.

    Having risen to prominence as an actress in the award-winning film, Tsotsi, Pheto was linked to a property fraud matter in November where the SIU obtained a high court preservation order to freeze nine luxury properties in Gauteng.

    The SIU also seized a BMW 420i and two Ocean Basket franchises on the East Rand – they were all valued at about R25m as they were linked to Pheto and others.

    “The SIU investigations have found that the money used for the purchase of the land and construction of the home came from non-profit organisations that received NLC funding meant for the rollout of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice,” the SIU said in a statement.

    “After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the Asset Forfeiture Unit indicating that they will not contest the preservation order granted by the high court.

    “After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the AFU indicating that they will not contest the preservation order granted by the High Court.”

    The action comes as a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by state institutions and/or to prevent further losses.

    In a related story, Entertainment SA reported that kwaito music legend Arthur Mafokate saw his properties recently frozen by the Special Investigating Unit in January.

    Information indicated that the SIU obtained a preservation order to freeze a plot, a farm, and three luxury properties one of which belongs to the musician as they are valued at R53m.

    SIU said the properties constitute proceeds of unlawful activities hence the application for an order.

    Main Image: Terry Pheto/TimesLIVE

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.